Number of the day

Over $9 billion

That's how much Rupert Murdoch's 21st Century Fox will gain from selling its pay-TV businesses in Italy and Germany to British Sky Broadcasting. The deal will raise cash that Fox could use to boost its $80 billion takeover bid for Time Warner. The 83-year-old Murdoch will retain control over the European networks because Fox owns a 39 percent stake in BSkyB, where his son James Murdoch sits on the board and previously served as chairman and CEO.

Hear here

"All of us understand making investments, and then there's a point where investors don't know what the payoff is. What if they get to $200 billion in revenue and still don't have profit?"

LATEST BUSINESS VIDEOS

Winter Olympics: Despite Protest, Dog Meat Still On the Menu in South KoreaVeuer

FOX Business Beat: Wall Street lows; Space x rocketFox5DC

How Holocaust Survivor Judith Leiber Became a Handbag LegendTownAndCountry

Richard Branson Wants to Bring Back the Supersonic JetFortune

McDonald's Planning Big Change for Happy MealsWibbitz

Coinbase Introduces the ‘PayPal of Crpyto’Fortune

The Boats That Fly: A New World of SailingPopularMechanics

FOX Business Beat: Market swings; Harley-Davidson recallFox5DC

As the Stock Market Drops, Will President Trump Own It?Buzz 60

FDA Approves Blood Test That Can Detect ConcussionsWibbitz

Michael Pachter, an analyst at Wedbush Securities, on Amazon.com missing analyst estimates for a second straight quarter. The world's largest online retailer posted a second-quarter loss of $126 million, more than double what was predicted, even though its sales climbed 23 percent to $19.3 billion. CEO Jeff Bezos is spending more on cloud-computing services, regional warehouses and developing new gadgets such as the Fire smartphone.

Heads up

The S&P/Case-Shiller home price index for 20 major cities in May will be released Tuesday, and economists expect the annual growth rate to slow to 10 percent from 10.8 percent in the previous month. As real estate values increase, fewer potential buyers will qualify for mortgages, and sellers may find it harder to charge more. Not in San Francisco, though. April prices in the Bay Area jumped 18 percent from a year earlier.